Sensex slips nearly by 214 pts during the week

Mumbai, Mar 31 (UNI) The country's premier Bombay Stocks Exchange's (BSE) Sensex major plummited by 213.8 points or 1.6 per cent for the week ended yesterday, to settle a negative at 13,072.10 mainly on account of bearish phase in global bourses.

Similarly, the S&P CNX Nifty index of NSE also eased by 39.50 points or 1 per cent, to end at 3,821.55 during the same period.

The market settled with losses for the week due to concerns about weak global markets, and soaring global crude oil prices, which were trading near USD 67 per barrel mark. Prior to this week, the markets had settled with weekly losses five straight times, a leading broker said.

The week started bearish, with the Sensex declining 161.61 points on March 26, to 13,124.32, as banking and auto shares succumbed to selling pressure. Both BSE and NSE remained officially closed on March 27, for Ram Navmi.

The 30-share BSE Sensex plunged 239.98 points, a day later, to settle at 12,884.34, as stocks across the board were severely pounded. The market collapsed partly due to weak global markets, and partly due to unwinding in the derivatives market. All BSE sectoral indices settled with losses, and shares from IT, auto and banking space had to beat a hasty retreat, brokers informed.

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